Following a third office move in two years, IT services provider Professional Network Technology Solutions (PNTS) is targeting growth of more than 33% this year, as it continues to win contracts and take on more staff.
Founded in Spennymoor by Paul Ashley and Mark Pearson in 2015, PNTS moved to new premises in the North East Technology Park (NETPark) Incubator in Sedgefield in 2017, before moving into a larger office in the same building. In December 2018, it moved again, signing a 10-year lease on 1,000 square feet of self-contained office space in Palatine House on Durham’s Belmont Business Park.
In its first four years of business, PNTS has seen its turnover increase from £150K in 2015/16 to £283K in 2016/17, £393K in 2017/2018, £597K in 2018/19 and a projected £800K+ in 2019/20. Headcount has grown to seven, with a second apprentice due to start in September.
PNTS provides a full range of IT design, installation, maintenance and off-site support services to smaller organisations, predominantly in the built environment, both in the North-East and further afield, including London, Lincolnshire, Oxford, Stevenage and Kent.
Director Paul Ashley said: “Moving to Belmont Business Park provides us with more space in which to accommodate our growing team and is pivotal to our plans for future growth. We will continue to expand our range of services, both in direct response to clients’ needs and by identifying emerging opportunities in new sectors such as telecommunications.”